EURUSD

good morning guys question short or long??

There is very loose talk of a LHS [AUSSIE] fix for 8GMT. Latest flows suggest otherwise, but clearly Aud continues to trade under a relative cloud after the RBA verdict earlier and despite the announcement by Australia Treasurer Swan of a large stimulus package. The Aussie has hogged the slate over most recent sessions, the RBA cutting its cash target as expected to 3.25% vs 4.25%, PM Rudd admitting Australia faces an economic emergency and Swan releasing an Aud 42bln Australian economic package. Meanwhile, Dec's trade surplus came in softer than forecast at Aud 589mln. Model funds have been post rate cut sellers and more stops in place below 0.6325/30.

adding

I am in eur/usd long from monday 1.2732
I expect it will reach 1.3023

eur is going a bit down but how far, thats the question...

if it fall more than 1.28 my previous prediction should be avoided

the euro is going down a little bit but i think a bulls market is near does anyone eles agree??

Samuel, what made you decide to short at 1.2902? What criteria were you looking at? At that time I only saw a long.

[USD/CAD] remains firm despite a modest recovery for stock markets, with the threat of oil breaking under the Usd 40brl level keeping Loonie bears confident for now. Looking back, we remind that a massive M&A-led sell-off (supposedly linked to Mxn) had led this pair just shy of a 1.2000 test last Wed, before a convincing rebound to 1.2460 ensued. Soft Canadian GDP last week had spurred the fresh gains, whilst we now see further risks ahead in the shape of Canadian employment data this Fri.

Just my oppinion, the price is try to long and the best to entry post sell ia at 1.3000 but dont use big lot...good luck

i cant tell what the market is going to do at this point anyone have a clear view??

The market is too volatile to do much now. Best is to sit out and wait for it to calm a little.

Just my two cents.

crash!

We are hearing of Russian supply in [EUR/USD] in the 1.2860's, but it is fairly steady trade so far in Europe. It is worth noting that while the headline trades around the 1.2850's currently the Euro fell to a nine-week low versus the Usd yest of 1.2704. This is just above the base of a 1.2700/1.3700 double-no-touch, which is said to be maturing Friday. Next major downside stops on a break below there.

your right im just gonna go to bed and wait for the us market to open

YOU GUYS SHOULD CHECK OUT WWW.FXSTREET.COM

should move now..

grrr ohwell ill wait till 8 goodmornign/nite all good luck

[EUROPEAN ASSET MARKETS] opened as expected this morning in quiet trading. Bunds, currently 122.63 (-6 ticks) confined in a tight 122.50-122.77 range, while UK Gilt contract down 12 ticks at 117.45, in a 117.35-117.72 band. Euribor strip in positive territory by between 1.5 and 4 ticks - Draghi's comments yest'd of 'not much room' left to lower rates not impacting - while Sterling strip flat to -2 ticks - large calendar options building heard in Feb09/Mar09 contracts. FTSE up 19 points at 4097 and 1 tick off fresh intra-day high, Dax up 44 points at new intra-day high of 4315. Oil still flirting with sub-$40/brl level and gold trades around the $900/oz handle.

I rekon a bounce off the 1.2815 to 1.2830 area